We are seeking a dynamic President-Chief Executive Officer to lead the Arvest Mortgage Division. You will play a key role in driving strategic growth and leading a high-performing sales force. This role is instrumental in our strategy, overseeing a division responsible for a significant portion of the bank's total income.

The mortgage division is at the center of our company's vision to serve as a community growth engine. The ideal candidate will have a proven track record of leading strategic initiatives in both mortgage servicing and mortgage production. You will be responsible for executing Arvest’s mortgage strategy, managing a complex Mortgage Servicing Rights (MSR) portfolio, and acting as a collaborative partner to the broader bank's technology and revenue lines.

Preferred Skills:

• 10+ years of experience in mortgage banking.
• 5+ years in executive leadership.
• Sophisticated expertise in secondary marketing and MSR valuation
• Proven ability to drive production growth while maintaining a highly motivational work climate.

Position is based at the Ledger; 240 S Main St, Bentonville AR. Location is flexible for residents within the Arvest 4 State Operational Footprint (AR, KS, MO, OK), preferably within Northwest Arkansas, Tulsa, OK or Little Rock, AR or have the ability to relocate.

Position is Monday through Friday from 8 am to 5 pm with the ability to work additional hours as project needs demand.

Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits.

The story of Arvest is one of commitment started by our founders in 1961, with an intense dedication to focusing on our customers. We will always be active and involved members of the communities we serve, and we will always work to put the needs of our customers first as we continue to fulfill our mission – People helping people find financial solutions for life.

Job Title: President/Chief Executive Officer Arvest Mortgage Division

The President/CEO AMD is accountable for directing the Mortgage Division’s management team and operations of the division. In concert with the senior officers and Board concurrence, the incumbent formulates a hierarchy of goals and objectives, performance standards, strategies, plans, and budgets. The President/CEO is accountable for leading the division in a manner that will result in positive growth in capital, profits, return on assets, return on equity, overall quality and scope of financial and customer services, enhancement of human resources, and industry and community image. The President/CEO is accountable for maintaining the direction and momentum of the Mortgage Division toward the objectives, standards, and plan adopted. To the extent practicable, portions of the President/CEO’s aggregated responsibility are delegated to the senior officers of the major operating components of the Mortgage Division, together with commensurate authority.

We seek candidates who embrace diversity, equity, and inclusion in a workplace where everyone feels valued and inspired.

What You Will Do at Arvest: (Other duties may be assigned.)

• Directly responsible for the management and operation of AMD, management systems, and policy administration. Oversee all operations and locations of the division to achieve goals and objectives, including the company’s secondary marketing unit, and assist the Arvest Bank Portfolio/ALCO Manager with mortgage risk hedging policies and implementation of specific strategies. Coordinate all hardware and software selection and implementation with the Arvest IT and Product teams to ensure optimal integration and support (as needed).

• Lead and coordinate strategic planning, including the plan of action concerning sales and purchases, sourcing new business, and managing investor and GSE relations.

• Represent AMD in industry and government relations by actively participating with business, civic, and governmental leaders to develop the companies at the community, state, and national levels (FNMA, FHLMC, MBA).

• Review, assess, and manage an effective mortgage compliance program, including QC functions and overall customer relations and quality efforts. Establish effective operating guidelines, which will permit appropriate delegation of responsibility and authority to officers and non-officer associates and maintain an effective system of internal controls.

• Interact with Local Bank Presidents, Loan Managers and Sales Managers to identify goals through quarterly and monthly meetings to build strong relationships and mutual strategies.

• In conjunction with the Marketing Division and other senior officers, the President/CEO is accountable for designing, developing, and formulating a marketing program, plus a sales effort capable of permitting the division to attain their short- and long-range goals and objectives. Lead the sales and business development efforts for the Mortgage product and supervise the overall customer relations and quality efforts. Attend and contribute to the President’s Group meetings.

• Working closely with the Mortgage CFO and Arvest Bank CFO, ensure the development and management of critical financial matters, such as the company’s budgets, capital appropriations, and long-range financial plans. Ensure proper annual and interim reports are provided to the company’s board of directors. Coordinate financial activities closely with the Arvest Finance Division. Recommend any significant structural/management changes in the mortgage division to the Regional Executive for Enhanced Banking Services.

• In conjunction with the Chief People Officer, Director(s) of Associate Relations, and other senior management, ensures that the mortgage division possesses the human resource talent required to attain the objectives, goals, and plans approved by the Board. Provide the mortgage division with a leadership style and management system that contributes to a highly motivational work climate for associates at all company levels and provides needed training, effective performance evaluations, and people development.

• The President/CEO manages the mortgage servicing portfolio to maximize yield and ensure adequate customer service and portfolio growth within tolerance levels as a percentage of bank capital set forth by the AMD board of directors. Maintains current knowledge of mortgage opportunities, regulations, etc. Coordinate closely with the Arvest Portfolio/ALCO Manager and Arvest Bank CFO on acquiring, disposing, and valuation of the mortgage servicing rights.

• Serve on various committees and related meetings and activities, such as management, loans, and other committees, as necessary.

• Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to completing compliance training and adhering to internal procedures and controls; reporting any known violations of compliance policy, laws, or regulations; and reporting any suspicious customer and/or account activity.

Supervisory Responsibilities: Fulfills supervisory responsibilities per the organization's policies and applicable laws.

Toolbox for Success:

• Bachelor’s Degree or equivalent related experience required.

• 10+ years of experience in mortgage banking, mortgage servicing, accounting, investments, and/or lending required.

• 5 years of executive leadership experience required.

• Working knowledge of all state, federal and local mortgage banking laws and regulations is required.

• Mortgage banking schools and/or college level courses preferred.

• Arvest experience preferred.

• Relevant military experience is considered for veterans and transitioning service members.

Physical Demands:

The associate must be able to travel occasionally by themselves within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

We offer competitive compensation, benefits packages, and significant professional growth.

Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our future is driven by our associates. If you want to be recognized for your results and empowered to reach your potential, we urge you to apply.

Grade 23

Pay Range: $315000 - $400000 per year